When running a business, "cash flow is king" is a phrase you may have heard thrown around and honestly, it’s not untrue. Many a fundamentally sound business has found itself going under due to running out of cash, especially if owed some money. It’s good to think about and plan ahead to avoid this. …
Bookkeeping Articles and Interviews (tag)
How to Take Charge of Your Business Receipt Process
For many business owners, tax time feels like a big interruption to normal business operations. Imagine that you’re driving down the road and you’re pull over. Being pulled over increases your travel time, and it will take you a few minutes to get back on the road and up to speed …
Why Outsourcing Is One of the Best Things You Can Do for Your Business
Time is the most crucial limitation for any entrepreneur or small business leader. Outsourcing makes it possible for you to keep your attention focused by streamlining productivity into the hands of specialized experts. It saves you the hassle of investing precious resources and hours. You can look …
5 Must Have Tools for Small Business Owners
Looking to make your small business more productive in 2018? Most successful entrepreneurs are always looking for ways to make their business more efficient. It's not just having the right tools at the click of a button. It's about having the right toolset that works for your business, that will …
7 Tips to Get Your Small Business Accounting Practices in Order
You’ve recently launched a new business and it’s started to grow. Now is the best moment to get organized and pay some attention to all accounting related issues. Every business owner has to make a detailed to-do list and stick to it at all times. That way, all emerging challenges can be taken care …
What is a P&L, or Profit and Loss Statement?
A P&L is a financial statement that summarizes all the revenues, costs and expenses that a business has incurred over a period of time. The P&L is a helpful snapshot of the company’s ability to generate profits, either by increasing revenues or by reducing costs and expenses. Usually …
